NYC Junto Podcast – Casey Mulligan on his book “Side Effects: The economic consequences of Obamacare” 2015

May 26, 2015

Casey Mulligan
University of Chicago economist.
His blog is “Supply and Demand (in that order)”:
www.tiny.cc/caseyM

May 7, 2015
Casey Mulligan on his book “Side Effects: The economic consequences of Obamacare”

 

Spending on health care has grown faster than the economy.
Millions pay a significant portion of their income so they and
their families can access health care goods and services when
needed. The share of the population without health insurance
grew, at least in part because of rising health care costs.
The Affordable Care Act of 2010, known as Obamacare,
is a significant federal law intended to reduce the part of the
population without health insurance. Many are tracking and
interpreting the law’s effect on premiums and enrollment, but
few have assessed consequences for the wider economy.
Businesses complain about the law’s tax and regulatory
burdens, while supporters say it will promote entrepreneurship
and a “more rapid economic recovery.”
His book offers market analysis of the law, gauging various
effects, identifying new ones and arriving at conclusions of net
impact on employment, work hours, productivity and national
income. It has facts and economic insights unnoticed by
supporters and opponents.
Arguments of the law’s economic impact are about changes
in tax rates (or labor market distortions), is it causing a net
increase in tax rates or a net decreas?.
The book documents positive and negative tax effects, with
special attention to distinguishing employment taxes from
income taxes. It reports small and large economic consequences,
and on predictions for work hours and national income through
2017. It says forecasters haven’t acknowledged economic forces
the law put in motion.
Mulligan is a University of Chicago economist. His blog is
“Supply and Demand (in that order):” www.tiny.cc/caseyM

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